Type: Savings Account
Alabama Credit Union savings (share) accounts pay dividends, calculated on daily balances credited and compounded quarterly, at a rate determined by the Board of Directors. Due to the not-for-profit nature of the credit union structure and philosophy, savings accounts generally earn higher rates of return than similar accounts at other financial institutions. Savings accounts may also earn life insurance benefits on balances up to $5,000 at no direct cost to you. Electronic or automatic withdrawals and transfers are limited to three per month. Savings account dividends are declared after the end of each quarterly period.